QUOTE(9kingsir @ Apr 25 2014, 07:28 AM)
Hmmm... since quite along time din share anything here..
sorry to all bros.. quite busy on forex academy these few weeks..
and i am searching way to do live setup feed to those ppl not in selangor & KL areas..
tried 2 so called live but still lag.. skype for audio.. ustream.tv for audio and video.. but still lag for 15 sec... 15 sec for scalping is almost impossible because price can change from profit to lost..
So if any bros here know how to setup a live feed close to 1-2 sec delay.. i m all ears to listen.. i dunno how to setup cos i aint IT guy
ok.. sharing part... let's see... some one say 2 top & 2 bottom.. when the third bottom lower than 2nd bottom = short trend
3bottom higher than 2nd bottom = retractment..
is this statement correct??
I would say not necessary.. becos have to look at the strength it contain.. mean how far is the 2nd & 3rd bottom.. and this scenario will come ONCE IN A BLUE MOON..
Frankly to say, I will never call or treat this kind of move as TREND. It is an absolutely ranging market. Or probably if you need more accurate to describe with this kind of pattern, we will call it as Consolidation Down move instead of TREND. So where will we count as TREND if according to the chart? After the last 3, it rose approach and break the consolidation. That's where I will treat as 1st TREND after it breaks the major somewhere 1.369x. After it broke, the 1st BEARISH candles indicate a pullback occurs, there is the place you should look for ENTRY.
No offense, just sharing how actually wave works.